Extended Stay America (NYSE:STAY) Shares Bought by Reinhart Partners Inc.

Reinhart Partners Inc. raised its position in shares of Extended Stay America (NYSE:STAY) by 41.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 502,970 shares of the company’s stock after acquiring an additional 146,261 shares during the period. Reinhart Partners Inc.’s holdings in Extended Stay America were worth $7,363,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. BlackRock Inc. increased its stake in shares of Extended Stay America by 31.5% in the second quarter. BlackRock Inc. now owns 16,639,370 shares of the company’s stock worth $281,039,000 after acquiring an additional 3,988,717 shares during the last quarter. Long Pond Capital LP increased its holdings in shares of Extended Stay America by 191.8% during the second quarter. Long Pond Capital LP now owns 4,547,620 shares of the company’s stock worth $76,809,000 after buying an additional 2,988,907 shares in the last quarter. Sterling Capital Management LLC increased its holdings in shares of Extended Stay America by 1,521.8% during the second quarter. Sterling Capital Management LLC now owns 2,506,980 shares of the company’s stock worth $42,343,000 after buying an additional 2,352,398 shares in the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of Extended Stay America during the second quarter worth approximately $24,124,000. Finally, SG Americas Securities LLC increased its holdings in shares of Extended Stay America by 12,595.6% during the second quarter. SG Americas Securities LLC now owns 816,071 shares of the company’s stock worth $13,783,000 after buying an additional 809,643 shares in the last quarter. 96.67% of the stock is currently owned by institutional investors.

STAY traded up $0.19 during trading on Friday, hitting $14.70. The company had a trading volume of 1,786,196 shares, compared to its average volume of 1,834,823. Extended Stay America has a one year low of $12.88 and a one year high of $19.73. The firm’s 50-day moving average price is $14.47 and its 200 day moving average price is $15.88.

Extended Stay America (NYSE:STAY) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.02). The company had revenue of $332.70 million for the quarter, compared to analyst estimates of $331.69 million. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.39 earnings per share.

In other Extended Stay America news, insider Kevin A. Henry sold 7,500 shares of Extended Stay America stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $13.86, for a total value of $103,950.00. Following the sale, the insider now directly owns 108,683 shares in the company, valued at approximately $1,506,346.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jonathan S. Halkyard purchased 10,000 shares of the stock in a transaction on Monday, August 12th. The stock was acquired at an average price of $14.63 per share, for a total transaction of $146,300.00. The disclosure for this purchase can be found here. Insiders own 0.72% of the company’s stock.

Several research firms have recently weighed in on STAY. Zacks Investment Research lowered shares of Extended Stay America from a “hold” rating to a “sell” rating and set a $15.00 price objective for the company. in a report on Monday, August 12th. Stifel Nicolaus reduced their price target on shares of Extended Stay America from $20.50 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. JPMorgan Chase & Co. cut shares of Extended Stay America from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $16.50 to $15.00 in a research report on Friday, September 6th. Robert W. Baird set a $19.00 price target on shares of Extended Stay America and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, Jefferies Financial Group cut shares of Extended Stay America from a “buy” rating to a “hold” rating and reduced their price target for the stock from $24.00 to $16.00 in a research report on Thursday, August 8th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $17.80.

Extended Stay America Profile

Extended Stay America, Inc, together with its subsidiaries, owns, operates, and manages hotels in the United States. As of February 27, 2018, it had 599 hotels and approximately 66,000 rooms, as well as managed 26 hotels under the Extended Stay America brand. It serves customers in the mid-priced extended stay segment.

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Institutional Ownership by Quarter for Extended Stay America (NYSE:STAY)

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